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☆ Elon Musk's Trump bump keeps growing
▼ + stars: | 2024-11-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

AdvertisementElon Musk's businesses are thriving from his relationship with Trump, boosting his net worth. Musk's AI startup xAI is raising $5 billion, while SpaceX plans a share tender offer, the FT reported. Elon Musk's businesses are booming and that appears to be at least in part the result of his deepening relationship to the now president-elect, Donald Trump. Musk's AI startup xAI is now raising $5 billion in funding, the Financial Times reported. Trump's granddaughter, Kai Trump, said Musk was "achieving uncle status" in an X post on Sunday.

Persons: Trump, Donald Trump, xAI, Musk, Kamala Harris, Vivek Ramaswamy, Ramaswamy, Kai Trump Organizations: Elon, SpaceX, Financial Times, Trump, of Government Locations: Tesla

☆ As bitcoin wraps up a big week, the case is made for $200,000
▼ + stars: | 2024-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to BCA Research. That narrative gives Bitcoin its network effect: a positive feedback system in which the asset increases in value as more people use it. "Bitcoin, with a market value of $1.5 trillion, comprises less than 10 percent of the total market for non-confiscatable assets," he said. "As bitcoin's share of this market increases, and the supply of bitcoins reaches its upper limit, bitcoin's price has substantial upside." The price of bitcoin has soared 32% since Election Day in the U.S. last week.

Persons: Dhaval Joshi, Joshi Organizations: BCA Research, U.S, Metrics Locations: bitcoins, U.S

☆ Scientists discovered the strangest sea slug in the ocean
▼ + stars: | 2024-11-15 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

AdvertisementIn 2000, scientists spotted a bioluminescent mollusk in the deep sea. It turned out to be a new species of sea slug that's perfectly adapted to the deep ocean. Researchers from the MBARI dubbed it Bathydevius caudactylus and recently published their findings in the peer-reviewed journal Deep Sea Research Part I.Bathydevius is unlike any sea slug the scientists had ever seen. At first, no one knew how to classify the strange sea slug. A sea slug in the midnight zoneA low-light camera system captured the bioluminescence display of the Bathydevius caudactylus sea slug.

Persons: It's, Bruce Robison, Robison, MBARI, it's Organizations: Aquarium Research Institute, CNN Locations: Monterey Bay , California, Monterey, what's, Oregon, Southern California

☆ The Pre-Market Rundown 2: November 15, 2024
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ CNBC's Inside India newsletter: India's growing wealth divide
▼ + stars: | 2024-11-15 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +9 min

The rise in India's income and wealth inequality is not a result of the poor getting poorer, Sumedha Dasgupta, senior analyst at the Economist Intelligence Unit (EIU) flags. India's income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth divide too. Instead, the phenomenon comes as the "rich are getting much richer at a faster rate," she told CNBC's Inside India. India's 3 household groupsA more pressing issue brought on by India's wealth and income divide is the emergence of different categories of households with distinct standards of living. Unequal education opportunitiesThe EIU's Dasgupta attributes India's vicious wealth and income gap cycle in large part to mismatched education opportunities.

Persons: Knight Frank, Dasgupta, CNBC's, Shumita Deveshwar, Deveshwar Organizations: Economist Intelligence Unit, Blume Ventures, Oxfam, Private, Department of School Education, Global Commons Alliance, TS Lombard Locations: India, United States, Brazil, South Africa, Venture, Saharan Africa, Indian

☆ Trump's plan to build more homes on federal land could push prices higher, UBS says
▼ + stars: | 2024-11-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

Trump's plan to transform federal land into housing will be costly, given minimal existing infrastructure, UBS says. Those policies, plus a set of potentially inflationary proposals, could drive up both home prices and mortgage rates, they say. Trump's plan to transform federal land into more housing seems particularly challenged, the analysts say. The higher rates will likely continue the housing lock-in effect, where existing homeowners prefer to remain locked in at their current lower rates. In prepared remarks on Thursday, Fed Chair Jerome Powell said the US is in no hurry to cut rates, signaling that mortgage rates could stay higher for longer.

Persons: —, Donald Trump's, homeownership, Trump, JD Vance, Vance, homebuyers, Jerome Powell Organizations: UBS, Service, Builders

☆ Bookings for Disney's first cruise in Asia are opening soon. Here's how much the trip costs
▼ + stars: | 2024-11-15 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +1 min

Bookings for Disney's first cruise in Asia open on Dec. 10, 2024, about a year ahead of the ship's maiden voyage, which is scheduled to depart Singapore in December 2025. Rates for a three-night cruise for two adults jump to $1,318 for an ocean-view room, and $1,438 for a room with a private verandah. The highest room category, a "Concierge" stateroom, which comes with extra services, is priced at $3,298 for two adults, according to the company's website. However, rates for kids or additional adults in the same room are significantly lower, according to the company's website. All in, a family of four who books a four-night journey in an ocean-view room can expect to pay about $2,876.

Organizations: Disney Locations: Asia, Singapore

Not really, but Balsam Hill makes the closest I've seen. It weighs 4 ounces and seemed to depress the Balsam Hill tree's branches more than other trees I tested, like the one from Puleo International. But it's the most realistic artificial tree I've seen. AdvertisementThe bottom lineFor an artificial tree, the Balsam Hill Fraser Fir manages to be convincingly real when lit. $899.99 from Balsam Hill Originally $1,299.99 Save 31%AdvertisementMore Balsam Hill trees to consider

Persons: Jenny McGrath, Fraser, It's, you've Organizations: Business, Black, Puleo Locations: Balsam Hills, Balsam, Fir

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ Jake Paul faces Mike Tyson in boxing event unlike any other
▼ + stars: | 2024-11-15 | by ( Jonny Velasquez | ) edition.cnn.com time to read: +9 min

On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.

Persons: CNN —, Jake Paul, Paul, Mike Tyson, “, ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, ”, they’re, Logan ., ‘, Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, “, MMA Locations: Arlington , Texas, British, Puerto Rican

☆ Russians focus on Musk as they assess incoming Trump administration
▼ + stars: | 2024-11-15 | by ( Sebastian Shukla | ) edition.cnn.com time to read: +4 min

CNN —As US President-elect Donald Trump continues to make heads turn with nominations for key roles in his incoming administration, Russians are trying to understand the appointments and what impacts they might have for Moscow. Waltz also described Russia as “a gas station with nukes” in an interview with NPR on November 4. Asked about how they viewed the incoming administration and future relations between old adversaries, people were a little more divided. “Trump said that ‘I will do everything for America’, but he did not say a word about Russia,” Sergey told CNN. But I hope, that there will be a good agreement between Russia and Ukraine.

Persons: Donald Trump, Evgeny Popov, Mike Waltz, Donald Trump’s, Waltz, Vladimir Putin, Popov, Trump, Olga Skabeeva, Tulsi Gabbard, Gabbard, ” Skabeeva, Elon Musk, Vivek Ramaswamy, Elon, ” Elena, “ Trump, ‘, ” Sergey, Vladimir Kostyukevich, Joe Biden, Elena, “, ” Tatiyana, ”, Kostyukevich Organizations: CNN, TV, Duma, Ukraine, NPR, Republican, Kyiv, of, Twitter, America Locations: Moscow, Ukraine, Russia, Russian, Israel, Palestine

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

☆ Older voters prioritized personal economic issues, helped Republicans win on Election Day, new AARP poll finds
▼ + stars: | 2024-11-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

the answer for many older voters ages 50 and over was "no," according to a new post-election poll released by the AARP. Almost half — 47% — of voters ages 50 and over said they are "worse off now," the research found, while more than half — 55% — of swing voters in that age cohort said the same. Among voters 50 to 64, Trump won by seven points. With voters ages 65 and over, Vice President Kamala Harris won by two points. Interviews were conducted with 2,348 "likely voters" in targeted congressional districts following Election Day between Nov. 6 and 10.

Persons: Donald Trump, Trump, Kamala Harris, Fabrizio Ward, Bob Ward, Ward Organizations: AARP, Finance, Research, Republican Locations: Bethlehem , Pennsylvania

☆ North Korea to mass produce self-detonating explosive drones, state media reports
▼ + stars: | 2024-11-15 | by ( Helen Regan | Gawon Bae | ) edition.cnn.com time to read: +4 min

Images published by North Korean state media show Kim and various officials at the launch site. State media reported that drones “of various types precisely hit the targets” as part of the test. Such self-detonating drones, also sometimes referred to as suicide drones, have been widely used to great effect on the battlefield in Russia’s war in Ukraine and in the Middle East. Images released from North Korean state media KCNA show what it said were self-detonating drone during a test of the unmanned aerial vehicles. KCNANorth Korean leader Kim Jong Un speaks with officials as he oversees a test of self-detonating drones, according to state media KCNA.

Persons: Kim Jong Un, Kim, Kim “, “, ”, Kim Jong, KCNA, Vladimir Putin Organizations: CNN, North, US State Department, Russian, CNN North Korean, Korea’s Defense, Agency, South Locations: North Korean, Ukraine, West, Russia, Kursk, Korean, Ukrainian, Pyongyang, ” Moscow, North Korea, Russian, South Korea, Seoul, Korea’s, Ganghwa

☆ Why Home Depot made an $18.25 billion bet on the pro business
▼ + stars: | 2024-11-15 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In both of the past two quarters, Home Depot's revenue would have fallen year over year if SRS' sales were excluded. Melissa Repko | CNBCA jolt to the businessFor Home Depot, the expansion into the pro business comes at a challenging time. With housing turnover near its lowest in decades, the pro business has also felt pressure. Grom said Home Depot's growing pro business is what helps to attract investors and set it apart from its main competitor, Lowe's . The SRS deal and the focus on pro does not mean Home Depot is abandoning efforts to jolt the rest of its business.

Persons: Melissa Repko, Ted Decker, Decker, Dan Tinker, Joe Feldman, Chuck Grom, Gordon Haskett, Group's Feldman, it's, Grom, Tinker Organizations: Texas Pool Supply, CNBC, Depot, Home Depot, Telsey Advisory, Home, Federal Reserve, Lowe's Locations: Texas, CNBC PLANO , Texas, Dallas, Atlanta, Los Angeles, U.S

☆ A Pennsylvania County and the Political Tensions in America
▼ + stars: | 2024-11-15 | by ( Philip Montgomery | Michael Sokolove | ) www.nytimes.com time to read: +9 min

Luzerne County is one of many counties in Pennsylvania — and across the country — that shifted to the right this year. Kevin Kraynak, a Luzerne County native, traveled from his home in California to try to get out the vote. Luzerne County became a hotbed of election denialism in 2020, and Pennsylvania is an open-carry state. Just over 152,000 total ballots were cast in Luzerne County — about the same as in 2020. In only one other Pennsylvania county were Trump’s gains greater.

Persons: Biden’s, Donald Trump, Dwayne McDavitt, Trump, Joe Biden, busloads, Democratic canvassers, Kevin Kraynak, “ I’m, ”, Jennifer Ziemba, “ We’re, MAGA, Philip Montgomery, ” Ziemba, “ I’d, Lee Ann McDermott, John, ” Constance Wynn, Wilkes, Wynn’s, Kim Pace, Harris, “, Dave Ragan, ” Pace, John McDermott, Lee Ann, McDermott, Hillary Clinton, “ He’s, ” Lee Ann, Jennifer Ziemba’s, Shelley Meuser, Dan Meuser, Terry Eckert, Adaíris Casado, —, ” Fredelina Paredes, Paredes, didn’t, Elizabeth Torrez, Torrez, Wadan Fernandez, Mr, ” Fernandez, ” Philip Montgomery Organizations: Trump, Amazon, Maxx, Democratic, Luzerne County Republican Party, Republican, The New York Times, “, Electoral, Luzerne County —, The New York, U.S . Army, Army Reserve, Iglesia, Hazleton Locations: Luzerne, Pennsylvania, Luzerne County, Wilkes, Barre, Scranton, Lackawanna County, California, Fort, Harveys Lake, state’s, Plains Township, Hazleton, Dominican Republic, United States

☆ Hatfield: We're playing a short-term stall in the market through November.
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: We're playing a short-term stall in the market through November. Jay Hatfield sees a short-term market stall through November but expects growth next year, with a 7,500 S&P target if corporate tax cuts happen. He is bullish on investment banks, especially Goldman Sachs, with a 750 target, and AI-related IPOs.

Persons: We're, Jay Hatfield, Goldman Sachs Locations: Hatfield

☆ Russia needed armor so badly that its biggest film studio donated 36 Soviet-era tanks that were used as props
▼ + stars: | 2024-11-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Mosfilm's head told Putin that it donated 28 T-55 tanks and eight PT-76 tanks to the defense ministry. Mosfilm's website says the studio has over 190 armored vehicles, armored personnel carriers, and self-propelled guns, though it described them as being "disguised" as equipment from various periods. Still, Shakhnazarov's statement comes as Moscow has struggled to maintain its inventory of armored vehicles amid heavy losses in the last two years. Figures from Dutch open-source tracking group Oryx say that Russia has lost 10,888 armored vehicles since the war began, including 3,558 tanks. AdvertisementThe Russian Defense Ministry and Mosfilm did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Putin, —, Mosfilm, Karen Shakhnazarov, Vladimir Putin, Shakhnazarov Organizations: Service, Warner Bros, Kremlin, Armed Forces, Royal United Services Institute, Russian Defense Ministry, Business Locations: Russia, Ukraine, Moscow

☆ Here are the 4 posts Ben and Jerry's said its parent company ordered it not to publish
▼ + stars: | 2024-11-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ben & Jerry's filed a lawsuit against its parent company, Unilever, on Thursday. It claims Unilever stopped it from making 4 public statements supporting Palestinians. Unilever rejected the claims, saying it would defend its case "very strongly." AdvertisementBen & Jerry's is taking legal action against its parent company, Unilever, saying it was prevented from speaking out in support of Palestinians. Ben & Jerry's said that in doing so, Unilever repeatedly prevented the company from fulfilling its social mission and breached a settlement agreement.

Persons: Jerry's, —, Benjamin Netanyahu, Ben, Bernie Sanders, Jerry, Sen, Sanders Organizations: Unilever, Service, US Southern District of, Business, Palestine, Israel, Senate Locations: US Southern District of New York, Gaza, Israel, Europe

☆ How Trump's selection of RFK Jr. as HHS secretary could impact the pharma sector
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Trump's selection of RFK Jr. as HHS secretary could impact the pharma sectorJared Holz, healthcare sector strategist at Mizuho Securities America, and CNBC's Angelica Peebles join 'Power Lunch' discuss pharma stocks' reaction to Robert F. Kennedy Jr.'s appointment to lead the Department of Health and Human Services, what the incoming administration could mean for regulation in the sector, and more.

Persons: Jared Holz, Angelica Peebles, Robert F, Kennedy Jr Organizations: RFK Jr, pharma, Mizuho Securities America, Department of Health, Human Services

☆ Less 'pro-cyclical' Trump on the horizon, strategist says
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLess 'pro-cyclical' Trump on the horizon, strategist saysEvan Brown, portfolio manager and head of multi-asset strategy at UBS, discusses the implications of Trump's re-election on markets.

Persons: Evan Brown Organizations: UBS

☆ What to know about boxing’s controversial fight between Mike Tyson and Jake Paul
▼ + stars: | 2024-11-15 | by ( Eduardo Tansley | ) www.nytimes.com time to read: +8 min

Squid Game, Stranger Things and Bridgerton were all Netflix originals — next up for the streaming giant is Mike Tyson versus Jake Paul in the ring. Purists will regard the card’s co-main event as the truer form of boxing — and the better quality fight. While there has yet been no official announcement, Tyson and Paul are expected to start their ring walks at approximately 11pm ET (4am UK). At Wednesday’s pre-fight news conference, Paul jokingly wore ear covers. When asked in August why he was getting back in the ring, Tyson responded: “I don’t know, that’s the funny question.

Persons: Mike Tyson, Jake Paul, Paul, Tyson, Eddie Hearn, Katie Taylor, Hearn, Amanda Serrano, Taylor, Ed Mulholland, Timothy A, Clary, Muhammad Ali, George Foreman, Evander Holyfield —, —, Kevin McBride, Roy Jones Jr, “, ”, “ We’ve, YouTuber Ali Eson Gib, Nate Robinson, Tommy Fury, Tyson Fury, Paul isn’t, Donald McRae, ” Tyson, Serrano … Taylor, Serrano, Sarah Stier, Chantelle Cameron, Stevie Morgan, it’s Organizations: IBF, WBC, WBO, Netflix, T, Dallas Cowboys, Texas Department, Getty, WBA, Las Vegas, Wednesday’s, YouTube, UFC, NBA, BBC, British, Guardian Locations: British, Arlington , Texas, U.S, Nevada, Madison, New York, Republic of Ireland, Puerto Rican

☆ Disney is avoiding more political dust-ups, but Netflix is bringing the fight to the media giant when it comes to live sports
▼ + stars: | 2024-11-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. In today's big story, Disney reported strong earnings and has a bright outlook on the future, but it doesn't want to discuss politics . The big storyLet's not talk politicsBob Iger, CEO of Disney Charley Gallay/Getty ImagesWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse. But the king of streaming — Netflix — seems unstoppable , and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.

Persons: —, it's, Bob Iger, Disney Charley Gallay, Donald Trump, didn't, Iger, we've, Minnie Mouse, Iger's, BI's Lucia Moses, Ron DeSantis, Trump, Hulu —, Jake Paul, Mike Tyson, Michael Ostuni, Tyler Le, Fiona Carter, Goldman Sachs, Jerome Powell, it's Elon, Steve Schwarzman's, Sam Altman, Elon Musk, Tesla, Lina Khan's, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Disney, Revenue, Trump, Walt Disney World, Anadolu, Getty, Disney's ABC, ESPN, Netflix, Federal Reserve, EV, Microsoft, Federal Trade Commission Locations: Asia, Hollywood, Florida, Blackstone, ChatGPT, New York, Chicago, London

☆ Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more
▼ + stars: | 2024-11-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. Berkshire Hathaway bought more than 1.2 million shares, making the investment worth around $550 million at the end of September. Ulta Beauty – Shares slipped 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly dissolved its position in the beauty retailer, selling around 97% of its shares. Ulta was a new bet for Berkshire, which had just bought the stock in the second quarter.

Persons: Robert F, Kennedy Jr, Donald Trump's, Warren Buffett, Berkshire Hathaway, Ulta, Palantir, Jesse Pound, Lisa Kailai Han, Pia Singh Organizations: Materials, LSEG, Moderna, Department of Health, Human Services, Corp, —, Berkshire, Pool Corp, Nasdaq, New York Stock Exchange Locations: China, Domino's

☆ A Ukrainian brigade armed with French tanks, artillery, and heavy weaponry is about to enter the fight
▼ + stars: | 2024-11-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

"Now they are able to fight, they are able to maneuver," a French colonel said. AdvertisementA Ukrainian brigade made up of thousands of soldiers trained in France and armed with French-supplied tanks, artillery, and heavy weaponry is about to enter the fight against Russia. It will also have 18 AMX 10 light tanks, 18 truck-mounted Caesar artillery pieces, 128 armored troop carriers, as well as anti-tank and antiaircraft missile systems, the French military said. The Ukrainian military is also training other troops for the brigade back in Ukraine, according to French authorities. The new Ukrainian brigade will enter the war at a critical time.

Persons: —, Anne, France —, Caesar, Ukraine's, Donald Trump Organizations: Service, Russia, Associated Press, Western, White, Trump Locations: France, Russia, French, Champagne, Ukraine, Kyiv, Ukrainian, Kursk, Europe

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